Does not look likely there will be a competing bid. So will the current bidders increase their bid? Imo yes they will. Why? Because they will have expected to have to pay a bit more than their first bid and because so far they have not had much luck at this price.
However, I have sold my trs shares today. The reason I have done so is because there is a good chance there is a skeleton in the closet of the profit update. Retailers are generally reporting a very quiet christmas. Management could have released more data but did not- why not? There must be a reason. If the profit result was "clean" then management would be crowing about it and the sp would be $3+.
So while I do think there will likely be a higher bid there is a good chance we could see some sp falls when the market learns more about the profit result. I doubt allensford will go away entirely but I dont think this is a straightforward takeover situation because of managements determination to keep their jobs and still continue to pursue their "strategy". Gltah I am probably being overly cautious.
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